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CC PACKET 09121995
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CC PACKET 09121995
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Last modified
12/30/2015 6:25:48 PM
Creation date
12/30/2015 6:25:42 PM
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SP Box #
22
SP Folder Name
CC PACKETS 1994-1998
SP Name
CC PACKET 09121995
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Ground Breaking of The Village Commons <br /> The Mayor and City Council announce the ground breaking of The Village Commons twin <br /> home development off Fordham Drive. The developer for the project is Bruce Nedegaard of <br /> Nedegaard Construction. <br /> The ground breaking will be September 14, 1995, at 4:30 P.M. <br /> According'to Mayor Ranallo, this development will consist of 12 owner-occupied twin homes <br /> valued at approximately $150,000 each. The Mayor stated that this development, when <br /> completed, will bring in approximately an additional $34,000 a year in taxes and an additional <br /> $1.5 million to the valuation of the City. This additional tax money will be very important to <br /> both the City and School District. The School will receive $21,800 and the City $8,500, with <br /> the remainder going to the County and Special Taxing Districts, such as the Metropolitan <br /> Council. <br />
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